H&R Block Reports $3.8 Billion Revenue and 1.9% Net Income Increase for Fiscal Year 2025

H&R Block, Inc. reported a consolidated revenue of $3.8 billion for the fiscal year ending June 30, 2025, marking an increase of $150.6 million, or 4.2%, compared to the previous year. The company's net income from continuing operations rose to $609.5 million, reflecting a 1.9% increase, while EBITDA from continuing operations reached $976.3 million, up 1.4%. Diluted earnings per share from continuing operations increased by $0.28, or 6.8%, to $4.42. The growth in revenue was primarily driven by a 6.1% increase in U.S. assisted tax preparation revenues, which amounted to $2.4 billion, and a 9.7% rise in DIY tax preparation revenues, totaling $383.7 million.

In terms of operational metrics, H&R Block prepared 11.3 million U.S. assisted tax returns and clients filed 3.8 million DIY online paid tax returns during the fiscal year. The company also repurchased 6.5 million shares of its common stock and declared dividends of $1.50 per share, an increase of 17.2% from the prior year. However, the total assisted tax return volume, which includes both company-owned and franchise offices, saw a slight decline of 0.9% from the previous year.

Strategically, H&R Block made significant organizational changes, including the announcement of Jeffrey J. Jones II's retirement as President and CEO effective December 31, 2025. Curtis A. Campbell, previously the President of Global Consumer Tax and Chief Product Officer, has been appointed to succeed him. Additionally, the company entered into a Fifth Amended and Restated Credit and Guarantee Agreement, extending its unsecured committed line of credit to $1.5 billion until July 2030, with revised interest rate terms.

The company continues to face competitive pressures in the tax preparation industry, with substantial competition from various tax return preparation firms and software providers. H&R Block's market share remains significant, with 22.8 million returns filed through its services in fiscal year 2025. The company is also focused on expanding its small business solutions through its Block Advisors and Wave platforms, which provide bookkeeping, payroll, and advisory services. Looking ahead, H&R Block anticipates continued growth through strategic acquisitions and enhancements to its service offerings, although it acknowledges potential risks from economic conditions and regulatory changes that could impact its operations.